SPI Energy, a clean energy provider for business, residential, government and utility customers and investors, announced that Xinwei Intelligent Power (Suzhou) Co. Ltd., (Xinwei Intelligent), a wholly owned subsidiary of the Company has signed an agreement with Foshan Kezhou New Energy Development Co., Ltd. (Foushan Kezhou) to provide engineering, procurement and development (EPC) services to one megawatt distributed generation (DG) project (the "Project") located in Shunde County, Guangdong Province. This is the second phase of Shunde DG projects after the completion of 10MW project in August, 2015 with grid connection.
Construction of the Project is expected to begin in December, 2016 and is expected to complete with grid connection in April, 2017.
"We see huge potential in China's DG market especially in the Pearl River Delta region," said Xiaofeng Peng, Chairman and Chief Executive Office of SPI Energy. "The recent release of China's 13th Five-Year Plan indicates that by 2020, the national distributed power generation is expected to reach 60GW. As the central government continues to demonstrate its strong commitment to clean energy, we are optimistic about the DG market and confident that we will benefit significantly from those positive macro trends."
